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Thread: AP: VP of Venezuela Has Announced Hugo Chavez has Died

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    Re: AP: VP of Venezuela Has Announced Hugo Chavez has Died

    Quote Originally Posted by Gathomas88 View Post
    Good riddance to bad garbage. With the Chavez cult of personality out of the way, hopefully the Venezuelans will now be able to elect someone sane to office, who won't spend the next decade systematically raping their economy and political system in the name of poorly thought out Leftist sloganeering and anti-American rabble rousing.

    Then again, this is Latin America we're talking about here, so it's probably not a good idea to get my hopes up.
    Yeah in this case.....it didn't take long to see much hasn't improved here with us. Evidenced.....

    CARACAS, Venezuela (AP) — Venezuela's vice president called in the nation's top leaders Tuesday hours after ailing President Hugo Chavez apparently took a turn for the worse, and announced on national television that a U.S. Embassy attache was being expelled for meeting with military officers and planning to destabilize the country.

    Foreign Minister Elias Jaua also announced the expulsion of a second U.S. official, also a U.S. Air Force attache.



    Vice President Nicolas Maduro told Venezuela's high military command and civilian leaders that the U.S. Embassy's Air Force attache, Col. David Delmonaco, had 24 hours to leave the country. He said the official had been spying on Venezuela's military.

    U.S. Embassy spokesman Greg Adams confirmed Delmonaco's identity but had no immediate comment.

    In Washington, Army Lt. Col. Todd Breasseale, a Pentagon spokesman, said, "We are aware of the allegations made by Venezuelan Vice President Maduro over state-run television in Caracas, and can confirm that our Air Attache ... is en route back to the United States.".....snip~

    Venezuela expels 2 US officials as Chavez worsens - Yahoo! News

    It appears their VP is accusing one of our Air Force Attache of Spying. We didn't take long to get him out of there either.

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    Re: AP: VP of Venezuela Has Announced Hugo Chavez has Died

    Let's hope the next ruler of Venezuela has better management sense than to put his advisers on television in order to pin them in to a corner to make himself look amazing.
    Michael J Petrilli-"Is School Choice Enough?"-A response to the recent timidity of American conservatives toward education reform. https://nationalaffairs.com/publicat...-choice-enough

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    Re: AP: VP of Venezuela Has Announced Hugo Chavez has Died

    Quote Originally Posted by MMC View Post
    Yeah in this case.....it didn't take long to see much hasn't improved here with us. Evidenced.....

    CARACAS, Venezuela (AP) — Venezuela's vice president called in the nation's top leaders Tuesday hours after ailing President Hugo Chavez apparently took a turn for the worse, and announced on national television that a U.S. Embassy attache was being expelled for meeting with military officers and planning to destabilize the country.

    Foreign Minister Elias Jaua also announced the expulsion of a second U.S. official, also a U.S. Air Force attache.



    Vice President Nicolas Maduro told Venezuela's high military command and civilian leaders that the U.S. Embassy's Air Force attache, Col. David Delmonaco, had 24 hours to leave the country. He said the official had been spying on Venezuela's military.

    U.S. Embassy spokesman Greg Adams confirmed Delmonaco's identity but had no immediate comment.

    In Washington, Army Lt. Col. Todd Breasseale, a Pentagon spokesman, said, "We are aware of the allegations made by Venezuelan Vice President Maduro over state-run television in Caracas, and can confirm that our Air Attache ... is en route back to the United States.".....snip~

    Venezuela expels 2 US officials as Chavez worsens - Yahoo! News

    It appears their VP is accusing one of our Air Force Attache of Spying. We didn't take long to get him out of there either.
    Wouldn't be surprised if the whole country goes on lockdown for a while. Tends to happen when cult-of-personality dictators die. If I were Maduro, I'd find a bullet-proof vest and get a food taster.
    “Offing those rich pigs with their own forks and knives, and then eating a meal in the same room, far out! The Weathermen dig Charles Manson.”-- Bernadine Dohrn

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    Re: AP: VP of Venezuela Has Announced Hugo Chavez has Died

    Quote Originally Posted by Gathomas88 View Post
    Good riddance to bad garbage. With the Chavez cult of personality out of the way, hopefully the Venezuelans will now be able to elect someone sane to office, who won't spend the next decade systematically raping their economy and political system in the name of poorly thought out Leftist sloganeering and anti-American rabble rousing.

    Then again, this is Latin America we're talking about here, so it's probably not a good idea to get my hopes up.
    Hopefully the United States can keep its hands out of Latin American affairs for once.

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    Re: AP: VP of Venezuela Has Announced Hugo Chavez has Died

    He's dead? GOOD.

    Perhaps there is a chance for the people to take back their country. I doubt it, as probably someone worse will take over. And in the mean time we can watch american socialists rant on about what a god the man was... funny, they still live here, not there. Tells you all you need to know, eh?
    "nah i think the way cons want to turn this into a political issue is funny though" - Philly Boss

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    Re: AP: VP of Venezuela Has Announced Hugo Chavez has Died

    Quote Originally Posted by zstep18 View Post
    Hopefully the United States can keep its hands out of Latin American affairs for once.
    Actually, we should be strengthening our ties and making sure the Western hemisphere is secured as much as possible. I would rather work things out with the Venezuelans and South American Countries rather than put Trust in the Saudi and Sunni Arabs.

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    Re: AP: VP of Venezuela Has Announced Hugo Chavez has Died

    Quote Originally Posted by TheDemSocialist View Post

    Yes he "raped their economy" but drastically improving it and the people of the countries lives!
    http://www.cepr.net/documents/public...la-2009-02.pdf

    -"The current economic expansion began when the government got control over the national oil company in the first quarter of 2003. Since then, real (inflationadjusted) GDP has nearly doubled, growing by 94.7 percent in 5.25 years, or 13.5 percent annually."
    -"During the current economic expansion, the poverty rate has been cut by more than half, from 54 percent of households in the first half of 2003 to 26 percent at the end of 2008. Extreme poverty has fallen even more, by 72 percent. These poverty rates measure only cash income, and does take into account increased access to health care or education."
    -"
    Over the entire decade, the percentage of households in poverty has been reduced by 39 percent, and extreme poverty by more than half."
    -"
    Inequality, as measured by the Gini index, has also fallen substantially. The index has fallen to 41 in 2008, from 48.1 in 2003 and 47 in 1999. This represents a large reduction in inequality."
    -"
    The labor market also improved substantially over the last decade, with unemployment dropping from 11.3 percent to 7.8 percent. During the current expansion it has fallen by more than half. Other labor market indicators also show substantial gains."
    -"
    Over the decade, the government's total public debt has fallen from 30.7 to 14.3 percent of GDP. The foreign public debt has fallen even more, from 25.6 to 9.8 percent of GDP."



    Welcome to reality.. Not that anti-venezuela dictator "terrorist supporter" **** the used to play on the media day in and day out on TV
    In the future, you might want to go with sources that are more recent than 2003.

    Chavez Leaves Venezuela in Economic Muddle

    That habit of impromptu policymaking was integral to Mr Chavez's style, right from the start of his 14 years in power.

    Time and again, the president would make major decisions on an ad hoc basis, often during the course of his rambling and unscripted weekly TV broadcast to the nation, known as Alo Presidente.

    He was particularly prone to quick-fix solutions in economic policy, resorting to regular currency devaluations, expropriations of private firms and inflation-busting public-sector pay rises rather than tackling the economy's underlying structural problems.

    This fire-fighting approach continued even as Mr Chavez lingered on his Cuban sickbed, with Vice-President Nicolas Maduro implementing a 32% devaluation of the bolivar in February.

    As a result, Mr Chavez bequeaths a nation beset by crumbling infrastructure, unsustainable public spending and underperforming industry.

    Thanks to his social programmes, poorer Venezuelans have certainly benefited from the country's oil wealth more than they did under what he called the rotten elites that used to be in charge.

    But there are strong suspicions that much money has been wasted - not just through corruption, but also sheer incompetence.

    During Hugo Chavez's time in office, from 1999 to the present day, income inequality in Venezuela gradually declined, as it did in most of the region.

    The country now boasts the fairest income distribution in Latin America, as measured by the Gini coefficient index.

    In 2011, Venezuela's Gini coefficient fell to 0.39. By way of comparison, Brazil's was 0.52, in itself a historic low.

    So every Venezuelan now has a more equal slice of the cake. The trouble is, that cake has not been getting much bigger.

    "Venezuela is the fifth largest economy in Latin America, but during the last decade, it's been the worst performer in GDP per capita growth," says Arturo Franco of the Center for International Development at Harvard University.

    As Mr Franco says, it depends on how you measure Venezuela's progress.

    If you compare life under Mr Chavez with the previous 20 years, under a now discredited two-party system widely blamed for rampant corruption, the Chavez era is preferable.

    But if you look at the superior economic performance of neighbouring Brazil and Colombia during the same period, it suddenly doesn't look so rosy.


    And given that the price of a barrel of oil is now roughly 10 times what it was when Mr Chavez was first elected, his opponents say that he could and should have done more.

    Mr Chavez's failure to diversify Venezuela's economy means that oil is still its mainstay. In fact, it accounts for more than 90% of the country's foreign currency inflows.

    About 50% of government revenues come from the petroleum industry, mostly from state company PDVSA.

    Mr Chavez's government took firm control of PDVSA in 2003, when it fired 40% of the workforce in the aftermath of a general strike aimed at forcing him from power.

    But critics have accused the firm of neglecting maintenance while it funnelled oil revenue into government social programmes, especially after an explosion in August 2012 at the Amuay refinery, the country's largest, in which 42 people were killed.

    Instead of investing in PDVSA to increase production, Mr Chavez treated it as a cash cow, milking its funds to finance his social spending on housing, healthcare and transport.

    Finding out just how that money has been dispensed is not easy. But the government has become steadily more involved in every sector of the economy, to the detriment of the private sector.

    In September 2012, Reuters news agency published a special report into a state corporation, Fonden, that now accounts for one-third of all investment in Venezuela.

    It found a string of abandoned or half-built facilities, including a paper factory, an aluminium mill and a fleet of unused buses - all of which apparently received money from Fonden.


    Fonden has absorbed $100bn of Venezuela's oil revenues since it was founded in 2005.

    At the end of January, the government cut PDVSA's contribution to Fonden by 19%, a move which seems to presage a round of public spending cuts. But until the post-Chavez political landscape is clearly established, the president's successors can hardly afford to alienate the people with austerity programmes.

    In the run-up to his presidential election victory last October, Mr Chavez made low-income and social housing a priority, launching a plan to build three million homes by 2018.

    The housing drive fuelled big increases in public spending - and big expectations among those yet to be housed under the programme.

    According to Bank of America-Merrill Lynch, government expenditure rose 30% in real terms as a result over the 12 months leading up to the election.

    But all that largesse took its toll on the public finances. Capital Economics, a research company, estimates that Venezuela's fiscal deficit widened to 9% of GDP in 2012, while Morgan Stanley reckons it could have reached 12% by now.

    According to the World Bank, the Venezuelan economy is estimated to have grown by more than 5% during 2012. However, it forecasts a slowdown in 2013, with just 1.8% growth expected, while many analysts are expecting the country to fall into recession this year.


    The latest maxi-devaluation of the Venezuelan currency will help the government's financial position. Since oil is priced in dollars, a weaker bolivar increases the local value of oil revenues, giving the government more cash.

    In theory, it should also help Venezuela to export more goods from other sectors of the economy. But observers reckon the country's manufacturing sector is too small to benefit much - another consequence of Venezuela's concentration on oil to the exclusion of all else.

    In the words of Michael Henderson at Capital Economics: "The current malaise is the product of years of capital flight and under-investment, which has hollowed out the country's productive base."


    So how did the government finance its pre-election spending spree? Foreign private investors have certainly stayed away since Mr Chavez's nationalisation drive began.

    High inflation, still nudging 20% a year, doesn't help either.

    As survey organisation Consensus Economics says: "Soaring inflation and government spending - coupled with currency and capital controls - have created a widening fiscal deficit.

    "The authorities are increasingly reliant on external debt to finance this."

    For "external debt", read loans from China. According to Bloomberg news agency, the state-run China Development Bank has lent Venezuela $42.5bn over a five-year period.


    Oil Minister Rafael Ramirez said in September 2012 that of the 640,000 barrels of oil a day that Venezuela exports to China, 200,000 went towards servicing the country's debt to Beijing.

    Unless PDVSA's underperformance can be remedied, those debts will remain and will probably grow as the country's gap between spending and income widens.

    It certainly doesn't seem hard to uncover evidence of waste in government expenditure during the Chavez years.

    But the overspending doesn't stop at home. In an effort to spread the influence of his Bolivarian revolution, Mr Chavez allowed Cuba and other countries in the region to benefit from cheap deals and soft loans under the Alba and Petrocaribe programmes.

    The next administration will have to decide whether or not to continue funding that extensive network of petro-diplomacy.

    In the meantime, most countries in the Caribbean, already suffering from a decline in tourism because of the global economic downturn, will be hoping that Venezuela's economic lifeline is not about to disappear.
    The man was an economic ignoramous.

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    Re: AP: VP of Venezuela Has Announced Hugo Chavez has Died

    Quote Originally Posted by Gathomas88 View Post
    Good riddance to bad garbage. With the Chavez cult of personality out of the way, hopefully the Venezuelans will now be able to elect someone sane to office, who won't spend the next decade systematically raping their economy and political system in the name of poorly thought out Leftist sloganeering and anti-American rabble rousing.

    Then again, this is Latin America we're talking about here, so it's probably not a good idea to get my hopes up.
    Yea, I hear you.

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    Re: AP: VP of Venezuela Has Announced Hugo Chavez has Died

    Quote Originally Posted by Fiddytree View Post
    Let's hope the next ruler of Venezuela has better management sense than to put his advisers on television in order to pin them in to a corner to make himself look amazing.
    I doubt it.....evidenced.

    Hugo Chavez's Successor Is More or Less Decided



    The death on Tuesday of Venezuelan President Hugo Chavez leaves a country and a region deeply divided and confused, with students protesting, other locals crying, and pretty much everyone instantly thrown into transition. But one of the most seemingly complex questions — who's next? — may end up being the easiest to anser: Despite a voluminous opposition movement, the controversial leftist's successor is almost guaranteed to be Chavez's former vice president, current interim president, and handpicked heir, Nicolas Maduro. Yes, the same man who announced Chavez's death and who, earlier on Tuesday, accused a U.S. spy of somehow giving Chavez the cancer that led to his demise. Which doesn't sound quite so crazy when you realize Chavez claimed the same thing.

    As the Wall Street Journal explains, Venezuela's constitution demands new elections be held within the next 30 days. The most likely scenario has Maduro facing off against opposition governor Henrique Capriles, the man who lost to Chavez during the country's last election. Capriles stands a decent chance against Maduro, considering he had the closest margin of defeat of any Chavez opponent. "My sympathy to all the family and supporters of President Hugo Chavez, advocate for the unity of Venezuelans now," Capriles tweeted in the wake of Chavez's death.

    At the time, Chavez named Maduro his heir in case "something happened" before his inauguration on January 10. "You choose Maduro as president of the republic," Chavez urged on state television. "I am asking you this from all my heart." Maduro's journey is a strange one. He's risen from being a lowly bus driver to a powerful union leader, to eventually being Chavez's Vice President. Yes, a former bus driver may be Venezuela's new President.....snip~

    Hugo Chavez's Successor Is More or Less Decided - Connor Simpson - The Atlantic Wire


    One thing is for sure.....I doubt a former bus driver will ever be the president of the US. This guy is not even close to what Chavez was. But that wont change his stance about us tho.

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    Re: AP: VP of Venezuela Has Announced Hugo Chavez has Died

    Quote Originally Posted by MMC View Post
    Well, at least we no longer hear of him running to Support Iran. Lets hope Venezuela can figure things out with their new Election and open up ties to work with us.
    Lets hope the USofA doesn't back another crock of crap junta attempt to figure things out for Venezuela instead of letting them do it for themselves. Opening ties to work with us or allowing US corporations to come back in to exploit their economy?

    I know, potahto potahto to some....

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